ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Adhesive Success

VAM ORGANIC CHEMICALS increased its sales net of excise duty by 34 percent on an annualised basis to Rs 55.82 crore during the year ended March 31, 1990 from Rs 38.26 crore during the 11-month period ended March 31, 1989. The cost of raw materials more than doubled from Rs 5.78 crore to Rs 13.33 crore and employees, cost spurted by 46 per cent (annualised) from Rs 1.62 crore to Rs 2.59 crore. Various other expenses showed a rise of 39 per cent on annualised basis. A steeper decline by one-third on an annualised basis was noticed mainly on account of steep increases in interest expenses by 176 per cent (annualised) and tax provision by 40 per cent (annualised). The interest expenses spurted on account of the borrowings For the purpose of capital expenditures in establishing 'Vamicol' brand of adhesives with a widespread national network. The physical performance of the company showed an improvement due to higher capacity utilisation during the year under review. The production of vinyl acetate monomer (VAM) and intermediates increased to 76,883 tonnes from 62,151 tonnes in the preceding year. Polyvinyl acetate and copolymers increased to 4,446 tonnes from 1,898 tonnes.

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